FCX, Freeport-Mcmoran
Posted: Wed Dec 05, 2012 9:12 am
For Today's Exactrade of the Day we are looking at FCX,
Freeport-Mcmoran:
*FCX *is gapping down into possible support on the daily chart. Look
to take *FCX *long on a new high above the open with strong volume.
Wait at least 2 minutes after the maket open and look to take it long
once it makes a new high of the day. If *FCX *moves down at the open
simply set an alert at the high of day and take it long if it breaks
that high of day. First target is .32 from your entry, second target
is .64 from your entry. Manage the last piece with a trailing stop.
Remember to always use a stop.
To Your Success,
Freeport-Mcmoran:
*FCX *is gapping down into possible support on the daily chart. Look
to take *FCX *long on a new high above the open with strong volume.
Wait at least 2 minutes after the maket open and look to take it long
once it makes a new high of the day. If *FCX *moves down at the open
simply set an alert at the high of day and take it long if it breaks
that high of day. First target is .32 from your entry, second target
is .64 from your entry. Manage the last piece with a trailing stop.
Remember to always use a stop.
To Your Success,